Sri Lanka News Updates with Discussions

if ltte forcing civvies to stay why 400 civvies going back to ltte areas

What is MR still at ?

Sri Lanka Govt. trying to win the Derby with a Donkey - Ranil

This Ajith Nivard Cabraal is not different than most of MR's appointees. Loyal to MR and to their own bank-books. This is the same guy who in the past had some real fishy financial ventures. Made him a lot of money.. lot of other unsuspecting people lost a lot.

Nine (09) More Escape LTTE & Arrive at Omanthe
(03.12.2008 15:45 SLT - SL Army)

VAVUNIYA : NINE (09) more people escaping the LTTE grip in un-cleared areas showed up at the OMANTHE Entry/Exit point this afternoon (03.12.2008) around 01:00 pm.

Those seven (07) men and two (02) women, belonging to two (02) families were directed to Menik Farm center for Displaced Persons (IDP) for temporary housing.

GoldQuest saga rides on

The GoldQuest saga has come to the fore again after the arrest of its chief promoter Vijayeswaran S. Vijayaratnam in Jakarta with his three Filipino business partners.

In Colombo, the Central Bank reopened an investigation into the activities of GoldQuest through its multi level marketing business which has been dubbed a pyramid scheme doomed to fail.

Our story said the investigation was halted soon after Nivard Cabraal was appointed Central Bank governor. Cabraal s name had figured in some dealings relating to GoldQuest.

The CB probe has re-started with some bigwigs in the corporate sector being questioned and asked to give statements. The question is why was the probe halted in the first place and then restarted? Cabraal, when asked for his comments on the Vijayeswaran arrest, didn t tell our reporter much except that the Bank had noted the developments.The GoldQuest saga saw many people invest in the company s multi level marketing schemes in Sri Lanka and many Asian countries through a combination of introducing members to the network and buying limited edition coins and medals, jewellery and time pieces sold through Internet networking.

Thousands invested in the pyramid-styled scheme until The Sunday Times FT and other media highlighted the dangers of such schemes which led to the Central Bank probe where exchange control violations had reportedly taken place since these items were purchased through the Internet in unauthorised deals.

http://sundaytimes.lk/070513/FinancialTimes/ft306.html